Jane Aldridge is making no apologies for claiming that Texas Monthly journalist Jason Sheeler "blatantly made up" quotes and facts in his profile of the 20-year-old blogger. The woman behind Sea of Shoes says magnanimously, "I'm not angry with him. He wrote the story he thought people wanted to hear. I'm afraid he knew the story he wanted to write before I even opened my mouth." Sheeler spent over a month with Aldridge and her parents to report the story, and the magazine says all of the Aldridges participated in fact-checking and had numerous opportunities to check quotes attributed them and other facts in the story; Jane Aldridge also appeared on TV alongside Sheeler to promote the profile when it was first published. The magazine and Sheeler continue to stand by their reporting. [ABC]

Penelope Cruz is on the new cover of Harper's Bazaar. She says, "I would go to one of those CAA meetings that they have on Monday and see all the things that they have to say about us actors. Ooh, to be a fly on the wall..." [HB]

Kate Moss and Terry Richardson are together again for the latest Mango campaign. [Telegraph]

Laetitia Casta is on the cover of Vogue Paris. The results are...so boring it might as well be a cover of American Vogue. [DS]

Raf Simons gave an interview about his plans for Dior. "I don't think it's wrong to call me a minimalist. It's wrong to call me a minimalist only," he says. "I wouldn't go to that place if I only had minimalism in mind." Simons heads to Paris today to begin work on the couture collection Dior will present in July. [WWD]

New FDA labeling laws governing sunscreen go into effect on June 18. From then on, in addition to displaying an SPF number, sunscreens will have to prominently state whether they offer broad spectrum protection — protection from both UVA and UVB rays, both of which cause cancer, but only one of which (UVB) causes sunburns — or not. Products that are not broad-spectrum, or that have SPFs below 14, will have to carry a warning that reads in part, "This product has been shown only to help prevent sunburn not skin cancer or early skin aging." Applying a standalone sunscreen daily is recommended by dermatologists, who say not to rely on the sunscreens (which are often not broad-spectrum) in beauty products because, says one, "the pigments in foundation or tinted moisturizer can interfere with the products' photostability, or their ability to remain effective once exposed to the sun." [WSJ]

Sad trombone: the U.S. apparel industry is projected to continue shrinking at an annual rate of around 2%, according to a study by the city of New York. Notes Women's Wear Daily: "On a more positive note, New York fashion week generates $532 million in direct visitor spending and $865 million in total economic impact each year." [WWD]

The legendary Savile Row bespoke tailors Gieves & Hawkes has been acquired by its Chinese licensee, a division of Hong Kong-based sourcing giant Li & Fung. The licensee already operated over 100 Gieves & Hawkes stores in China. It paid an initial $51.6 million in the deal, and could pay up to $95 million in total, depending on the brand's performance. Gieves & Hawkes, which holds a number of royal warrants, is not new to the licensing game — starting in the '80s, it had a U.S. line of men's wear licensed to Hickey Freeman. Alexander McQueen also worked there after training at fellow bespoke tailors Anderson & Sheppard. [WWD]

Marie Claire accessories editor Kyle Buchanan, who has been keeping a weekend spending diary for the Daily Front Row, spent $1,282 last weekend, mostly on Givenchy and McQueen. Anderson's total weekend spending in the past five months now sits at $51,308.32. Buchanan has now spent more in just 40 Saturdays and Sundays than the median U.S. household earns annually in income, which the Census Bureau most recently put at $50,233.00. [DFR]

Anne Vyalitsyna reportedly dumped that dude from that band, and now he's "fighting back" via anonymous surrogates in the pages of Us magazine. Let's all feel bad for him for 0.05 seconds. [Us]

Brazilian model Marina Heiden is 18 and has already been working for three years. Her parents don't really approve of modeling. "They actually don't like it so much. They sort of think it's a waste of time. There are a lot of scams in Brazil, people who try to trick you and take all of your money so they don't trust it and we don't talk about it a lot." [WWD]

The Department of Justice seized nearly $900,000 from PayPal accounts and other accounts operated by busted sellers of counterfeit apparel and accessories. [WWD]

The Milan stock exchange has approved Brunello Cucinelli's IPO, which is expected for early May. [Reuters]

Levi's is responding to unstable cotton prices by cutting expenses elsewhere in its supply chain — notably from administrative and selling costs, and it plans to cut marketing and advertising spending. In the most recent quarter, the company yielded a profit of $49.2 million, up 21% from the same period last year. [WWD]

Adidas, meanwhile, is looking to trim its product range by around 25%; the company currently manufactures some 46,897 different products. Sneakerheads will cry. [WWD]

And now, a moment with Marc Fisher, the founder of Guess's footwear licensee. Guess and Gucci have been embroiled in three years of litigation over the undeniable similarities between hundreds of products made by guess and Gucci's trademarked interlocking-G jacquard and red-and-green trim. (Guess notably made some sneakers, via Marc Fisher, that featured a similar interlocking-G jacquard and red-and-green trim.) Gucci, alleging a "massive scheme," is seeking damages of $221 million. Fisher took the stand and was interrogated by Gucci's lawyers about the identical shading seen in the Gucci logo jacquard and Guess's jacquard:

"I never noticed the shading," Fisher said repeatedly when asked about its origin. [Gucci lawyer Louis] Ederer referenced e-mails indicating that product-development executives from Marc Fisher had been sending Gucci fabric samples to Guess' fabric supplier so that it could replicate the coloring for its logo patterns for shoes. "I know they were sending swatches from many different brands to get the right jacquard look," Fisher explained. "I think they were just working on the colors." [...]